MBA Finance Colleges in Mumbai 2022

Established in 1995, SJMSOM is a part of IIT Bombay and is ranked 11th  in the management category according to the July 15-released NIRF 2022 Rankings.
MBA Finance Colleges in Mumbai 2022

According to the sources these are the top MBA Finance colleges in Mumbai as of the year 2022.

1. Shailesh J. Mehta School of Management, IIT Bombay (SJMSOM), Mumbai

Established in 1995, SJMSOM is a part of IIT Bombay and is ranked 11th  in the management category according to the July 15-released NIRF 2022 Rankings.  The institute also provides an impressive placement opportunity. Within the past few years, the students have consistently acquired an Average package worth INR. 20 LPA and above. The 2020-22 batch received an average salary of INR 25.9 LPA which again increased by 18.1% compared to the previous year.

SJMSOM offers a two-year flagship MBA program in management as well as Doctoral Programs in Management. As mentioned, the College has been ranked 11 for NIRF 2020 and 13 for its MBA by The Week 2020. The school also offers short-term programs in areas of management for the faculty of technical and management institutions during the Summer and winter seasons. 

The prerequisites of getting into SJMSOM are the CAT/ GMAT for its Masters’ Programme in Management. The students are also required to give the TOEFL/IELTS tests for their English proficiency. The college also provides the Doctoral Program, the candidates are required to submit an SOP on the proposed area of research. The Shortlisted candidates will be called for a written test followed by an interview. The SJMSOM CAT Cut-off 2020 for its admission to the Management Courses was 98 percentile.

SJMSOM has successfully completed its final placement process for its batch 2020-22 despite the challenges posed by the Covid-19 Pandemic. This year the school witnessed a wide range of opportunities with multiple recruiters offering roles in diverse sectors such as BFSI, Consulting, E-Commerce / IT, FMCG / Manufacturing, Healthcare, etc.

2. NMIMS Mumbai.

NMIMS is deemed-to-be an autonomous university. The University has 17 specialized schools and 7 campuses across India. The location of the different Campuses is Shirpur, Navi Mumbai, Hyderabad, Indore, Dhule, and Bangalore. NMIMS Mumbai is currently accepting applications for admission to its various UG and PG courses. The Entrance exams which the Candidates can apply for these courses on the basis of NPAT, NMIMS CET, NMIMS DAT, and NMIMS LAT. The college is also accepting applications for admission to MCA, M.Tech, BTech 6-year Program, and Integrated M.Sc. in Biomedical Sciences. Candidates can apply for admission to NMIMS UG and PG courses by visiting Further, NMIMS Mumbai also has a very good placement track record with its recently concluded Placements for the year 2022, where a total of 130 recruiters participated in MBA Core program placements. The highest package stood at INR 57.65 LPA and the Average Package stood at INR 23.07 LPA.

NMIMS Mumbai has various course opportunities where it offers admission to 179 Bachelor’s, Master’s, and Doctoral programs for the youth who are interested in this field of education. The College accepts the scores of NMIMS CET / NPAT / NMAT/CLAT-NMIMS LAT for its distinguished UG, PG, and Ph.D. programs. The institute has completed its placement drive for the year 2021-22 whereby the Highest CTC stood at INR 57.65 LPA whereas the Average CTC stood at INR 23.07 LPA. The highest salary increased by 66.04% compared to the previous year. There was a participation of 150+ recruiters. Major recruiters included Aditya Birla Capital, EY, Capgemini, Cognizant, ICICI Bank & many more.

  • Intake: NMIMS-SBM, Mumbai offers an MBA with an intake of 600 students for a specific session. Apart from this, the key management programs with an intake of 60 to 120 students are offered at NMIMS Navi Mumbai campus.
  • NMIMS Fee Vs RoI: The fee for the MBA program is INR 20.80 Lacs for the previous session. For the new batch 2022-24 the course fee may be revised. The investment in fees and other expenses is followed by high placements, giving the students high RoI. NMIMS Mumbai Course & Fee
  • High Placements: NMIMS Mumbai Placement 2022 recorded the highest salary of INR 57.65 LPA and an average salary of INR 23.07 LPA for its MBA Program.
  • For 2022 MBA admission, NMIMS will only consider NMAT first round score while shortlisting for the CD-PI round. Candidates who will qualify for the NMAT exam on a reapplication basis will not be eligible for part 2 selection criteria.
  • NMIMS Mumbai has recently signed an agreement with a leading European finance company Societe Generale to support research for building blended finances for different social sectors.
  • NMIMS Engineering programs have received ABET Accreditation “The Global Gold Standard for Quality Assurance in Technical Education”.

3.Prin.L.N.Welingker Institute of Management Devlopment & Research (WESCHOOL), Mumbai

Prin. L.N. Welingkar Institute of Management Development & Research, also known as Welingakar is one of the top management colleges in India. The college has 2 campuses one in Mumbai and the other in Bangalore. WeSchool Mumbai is most known for its 2-year full-time flagship PGDM program. Apart from this, the college also offers Various courses like the PGDM program in Business Design, E-Business, Research & Business Analytics, Healthcare Management, Retail Management, Rural Management, and Media & Entertainment. Students are selected in the PGDM programs of the college it offers basis on the entrance exam of  CATXAT, ATMA, and GMAT.

Welingkar Mumbai offers is the sixth educational institute from Mumbai to appear as 68th among the top 100 Best Management Institutes in the National Institutional Ranking Framework (NIRF) list of 2022. The college has International links with foreign universities like Audencia Nantes, France; VHL University of Applied Sciences, Netherlands; University of Haifa, Israel; Ben-Gurion University of the Negev, Beer-Sheva, Israel; Tel Aviv University, Israel; IDC Herzliya, Israel; Copenhagen Business School, Denmark; Grand MacEwan College, Canada; Otto Fredrich Universität, Bamberg, Germany; IESEG, F School of Management, France; Curtin University, Australia; University of Lincoln, UK, University of Western Australia, Australia; Sogang University, Korea among others.

With its various connections and resources, it also provides a great placement opportunity, Welingkar Mumbai completed its final placements in 2021 with a total of 358 companies visiting the campus offering the highest package of Rs 19.73 LPA. 227 companies were the first-time recruiters during the WeSchool Placement Drive 2021. The average package stood at Rs 8.8 LPA.

4. K.J. Somaiya Institute of Management, Mumbai

Established in 1981, KJ Somaiya Institute of Management is a private autonomous business school under Somaiya Vidyavihar Mumbai University. KJ Somaiya Institute of Management has a ranking of 71st by NIRF 2022, in the list of top Management colleges in India. KJ Somaiya has a variety of courses to offer including a 2-year full-time flagship MBA program. MBA Admission at KJ Somiaya Institute of Management is offered on the basis of CAT/ XAT / CMAT/ NMAT scores followed by GD and PI. The MBA program at KJ Somaiya is offered in general, HCM & Sports Management electives. The college is accepting applications for admission to MBA HCM/ MBA SM/ MBA (part-time) program. The last date to register for the program is July 15, 2022. Further, KJ Somaiya Institute of Management is also accepting applications for admission to Executive MBA Courses as per the entrance test score. KJ Somiaya is also accepting applications for the MCA program. Interested candidates can apply for the program till July 15, 2022, as per MAH MCA CET or GATE or PERA CET Score. Moreover, KJ Somaiya Placements 2022 is over now. The students secured job offers from Banking and Insurance Sector as well as IT & ITES, Financial Services, Consulting, and FMCG. The highest CTC was INR 26.50 LPA, while the average salary stood at INR 16.95 LPA.

5. Kohinoor Business School, Mumbai

The Kohinoor Business School which was established in the year 2010 and is located in Mumbai is known to be one of the best management colleges in the region. The institute is managed by the Kohinoor business group which is one of the biggest business firms in the zone. The institute is approved by AICTE and affiliated with Mumbai University. Kohinoor Business School offers various courses including the Post Graduate Diploma in Management (PGDM) and Master of Management Studies (MMS) affiliated with the University of Mumbai and approved by DTE and AICTE. Admission shortlisting at KBS is done through MAH-CET, CMAT, CAT, XAT, MAT, ATMA, GMAT, and MMS CET scores followed by GD and PI rounds.  

Kohinoor Business School has an industry-based approach and provides rigorous corporate training to ensure placements and internships for its students. During Placement Drive 2020-21, the highest package was recorded at INR 10 LPA while the average package stood at INR 5.1 LPA. The top recruiters included HDFC Bank, IDFC First Bank, Morningstar, JK Tyres, Haldiram, ITC, Godrej, ICICI Bank, Colgate, etc.

MBA Finance Colleges in Mumbai FAQs:

Q1. How Is NMIMS Mumbai for an MBA?

Ans. NMIMS Mumbai is a good option for MBA. It ranks right after the old and top IIM. NMIMS Mumbai placements are excellent. Many national and multinational companies take part in campus recruitment. During placements in 2022, students received an average CTC of INR 19.40 LPA.

The academics offered at NMIMS can be compared to premium management institutes. NMIMS employs a case-study-based teaching methodology. It has a tie-up with Harvard Business Review. 

One of the drawbacks of the institute is the huge batch size. NMIMS student intake is over 500. Due to the large batch size, the competition during placement becomes extremely high.

Q2. What is the Percentile required to get into NMIMS?

Ans. NMIMS Cut-off

The usual cut-off is around 207-210 out of 360. 

  • In 2021, the required cut-off for MBA HR/Law/PGDM was 208. While for Pharmaceutical Management it was 169.
  • The expected cut-off for 2022 is 210-250.

There are also sectional cut-offs. You should note that the NMAT score is only considered for shortlisting and not final selection. 

Q3. What is the rank of the Goa institute of management? Is it better than bimtech and welingkar and also PGDM BDA in GIM good choice?

Ans. Both the colleges BIMTECH and Goa Institute of Management are decent colleges for management studies. Both campuses are huge and offer good opportunities for to students in upgrading themselves. NIRF 2021 ranked GIM 35 for PGDM/MBA. 

For a PGDM BDA, GIM will be a great choice. I have a few friends from the program, and they had pretty great experiences pursuing the course.

  • The course has a perfect balance of management and data analysis.
  • It is powered by SAS, the world leader in analytics. It offers a variety of courses and a 5-month long summer internship. 
  • The initial batch of PGDM BDA had a 100% summer placement average, due to which the batch size was increased to 120. 

If you are interested in doing a PGDM in BDA, GIM is definitely a great option. 

Q4. Which is a better college for finance NITIE or SJMSOM?

Ans. I think I can give you some insight regarding NITIE and SJMSOM since I have friends from both institutes. Both are nearly identical, however, SJMSOM may be a better choice because NITIE promotes itself as an Operations majors institution, whereas SJMSOM promises to cover all fields. As a result, you may have more prospects in the finance industry at SJMSOM than at NITIE.

Q5. What is the fee structure to pursue a course in MBA?

Ans. The fee structure differs from college to college. Some of the top and reputed colleges charge high fees based on the facilities which they provide. The average fee structure to pursue a course in MBA is Rs. 1 Lakhs.

Q6. What is the average starting salary for a job profile?

Ans. The average starting salary for any of the job profiles is high once the candidate completes the course MBA as they are hired by the top companies. The average starting salary for a job profile is Rs. 4 Lakhs p.a. (Approx.) which increases with time and experience. 

Q7.  Who are the top employers in the field?

Ans. The reputed companies usually hire candidates with higher education and good knowledge as well as skill sets that are taught to the candidates in the course. Some of the top employers in the field are listed below :

  • Amazon
  • Apple 
  • Deloitte
  • TCS
  • Citigroup 
  • Bain & Company
  • Facebook 
  • Accenture
  • Capgemini 
  • HubSpot

Q8. How is the scope of an MBA in Finance in the future?

Ans. The scope of an MBA in Finance is vast and keeps expanding with each passing day with the need for professionals in the field. There are many career opportunities in the field. It is one of the most preferred choices among candidates across the world. The field offers excellent job profiles with a good salary package and is also rewarding at the same time. Therefore, the scope of an MBA in Finance in the future as well as now is increasing day by day.

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